acinque spa

What acinque spa does

Acinque S.p.A. is an Italian multi-utility group headquartered in Monza (legal seat) with administrative headquarters in Como, operating across the Lombardy provinces of Como, Lecco, Monza, and Varese, plus the Sondrio province for pharmacy services and Valtellina-area distribution. The group delivers integrated essential services through wholly owned subsidiary brands: Acinque.it for retail energy and gas sales, Acinqueambiente.it for environmental hygiene and waste management, Acinquecalore.it for district heating (teleriscaldamento) in Monza, Varese, and Busto Arsizio, Leretispa.it and Valtellinarevv.it for regulated water and gas distribution, and Acinque Farmacie for pharmaceutical retail in Sondrio.

The group's technology base is a capital-intensive physical infrastructure platform comprising the district heating pipe networks, the Baradello water potabilization plant and Bevera/Luvinate aqueducts, the Como waste-to-energy plant (termovalorizzatore), and hydroelectric generation assets at Gravedona and San Pietro Sovera. Pricing for distribution services is set under Italian regulatory frameworks (ARERA), while competitive supply activities are priced through subsidiary websites; pricing is not publicly disclosed.

Acinque generates revenue through recurring subscription-like tariffs across regulated distribution (electricity, gas, water, district heating) and recurring environmental service fees, with pharmacy revenues earned through retail transactions. The GTM is sales-led and territory-anchored, serving residential consumers, commercial and industrial enterprises, and municipalities across Lombardy through direct utility relationships and owned digital channels. Share capital stands at €197,343,805 i.v., and the group has reported €459 million in independently measured territorial Shared Value (Valore Condiviso) generated for its operating territories.

Name

acinque spa

Legal name

Acinque S.p.A.

Website

https://gruppoacinque.it

Company type

Private

Operating status

Operating

Short description

Acinque S.p.A. is a private Italian multi-utility headquartered in Monza that delivers integrated energy, gas, water, district heating, environmental, and pharmacy services across the Lombardy provinces of Como, Lecco, Monza, Varese, and Sondrio through regulated distribution infrastructure and wholly owned subsidiary brands.

Ownership category

akta.pro rank

Product category

Multi-Utility Services (Energy, Gas, Water, District Heating, Waste, Pharmacy)

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Water Supply and Irrigation Systems (22131), Steam and Air-Conditioning Supply (221330), Pharmacies and Drug Retailers (45611)

SIC

Electric, Gas & Sanitary Services (4900), Gas & Other Services Combined (4932), Water Supply (4941), Retail-Drug Stores And Proprietary Stores (5912)

akta.pro primary industry

Customer Care, Billing & CRM for Gas Retail (CX, Retention, Collections) (EUAAADAH)

akta.pro secondary industry

Retail & Community Pharmacies (Chain/Independent) (HLAFALAA)

Keywords

• Multi-utility services
• Energy distribution
• District heating networks
• Waste-to-energy services
• Water distribution infrastructure

Headquarters

HQ city

Monza

HQ country

Italy

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Energy Distribution and Sales: Sale and distribution of electricity and gas to residential, commercial, and industrial customers in the provinces of Como, Lecco, Monza, and Varese. Revenue is generated through regulated tariff frameworks for distribution and competitive market pricing for supply.
2. Environmental Services (Igiene ambientale): Waste management and environmental hygiene services through Acinqueambiente.it, including collection, treatment, and disposal.
3. District Heating (Teleriscaldamento): Centralized heating energy delivery to connected buildings in Monza, Varese, and Busto Arsizio via Acinquecalore.it.
4. Water and Gas Distribution: Water and gas distribution infrastructure management through Leretispa.it (water and gas) and Valtellinarevv.it (electricity and gas in Valtellina area).
5. Pharmacy Operations: Operation of pharmacies in the Sondrio province through Acinquefarmacie.it.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Acinque S.p.A. is a multi-utility that manages integrated energy, environmental, water, and pharmacy services across the provinces of Como, Lecco, Monza, Varese, and Sondrio in northern Italy. The group operates electricity and gas distribution networks, retail energy sales, district heating (teleriscaldamento), water treatment and aqueduct systems, waste-to-energy (termovalorizzatore), and hydroelectric power generation, alongside a pharmacy network in the Sondrio province. Services are delivered through wholly owned subsidiary brands under the Gruppo Acinque umbrella.

Product overview

Acinque S.p.A. is a multi-utility group offering an integrated portfolio of services across energy (electricity and gas sales), environmental services (hygiene and waste management), district heating, water and gas distribution networks, and pharmacies. The group operates through specialized subsidiary brands: Acinque.it for retail energy sales, Acinqueambiente.it for environmental hygiene, Acinquecalore.it for district heating, Leretispa.it and Valtellinarevv.it for distribution networks, and Acinque Farmacie for pharmacy services. This multi-brand structure allows each subsidiary to focus on specific utility services while operating under the unified Gruppo Acinque umbrella.

Differentiator

Problem solved

Functional benefit

Products and services

• Acinque.it — Retail Energy Sales Retail energy sales platform offering electricity, gas, and related services to residential and business customers in the provinces of Como, Lecco, Monza, and Varese.
• Acinqueambiente.it — Environmental Hygiene Services Environmental hygiene services including waste management, collection, treatment, and disposal operations for residential and business customers in the served territories.
• Acinquecalore.it — District Heating (Teleriscaldamento) Centralized district heating services delivering heat energy to connected residential and commercial buildings in Monza, Varese, and Busto Arsizio via pipe infrastructure.
• Leretispa.it — Water and Gas Distribution Water and gas distribution network management services through local infrastructure in the served territories.
• Valtellinarevv.it — Electricity and Gas Distribution (Valtellina) Electricity and gas distribution services in the Valtellina region, managing local grid infrastructure.
• Acinque Farmacie — Pharmacy Services Pharmacy services operating physical locations plus online pharmacy services in the Sondrio province, providing pharmaceutical and health products to consumers.
• Waste-to-Energy Plant (Termovalorizzatore) — Como Facility in Como that processes waste to generate energy, contributing to circular economy and sustainable waste management.
• Hydroelectric Power Generation (Gravedona and San Pietro Sovera) Hydroelectric power plants at Gravedona and San Pietro Sovera generating renewable electricity for the group's energy supply.
• Water Treatment and Aqueduct Systems Potabilization plant (Baradello) and aqueduct networks (Valle della Bevera, Luvinate) supplying drinking water to connected premises in the served territories.

Quantifiable outcome

• €459 million in Shared Value (Valore Condiviso) generated on the territory, equivalent to the annual spending of approximately 14,000 families
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Fratello SolecoreStrategic or Co-development Partner · 23 July 2026Acinque and Fratello Sole announced a partnership to support the energy transition of the Third Sector (Terzo settore) and religious entities, helping these organizations adopt renewable energy and efficiency measures.
• ANCE Como (Associazione Nazionale Costruttori Edili Como)coreStrategic or Co-development Partner · 13 July 2026Acinque and ANCE Como (the Como branch of the national association of construction companies) partnered to promote energy efficiency and renewable energy solutions for the construction and real estate sector in the Como province.
• ALTHESYS Strategic ConsultantsminorStrategic or Co-development PartnerALTHESYS provided methodological support for the Valore Condiviso (Shared Value) analysis, measuring the economic impact Acinque generates on its territories.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Iren S.p.A. Italian multi-utility serving northwestern Italy with integrated waste management, energy, water, district heating, and gas distribution. Comparable to Acinque in business mix, regulated revenue base, and territorial multi-service model.
• A2A S.p.A. Italian multi-utility headquartered in Brescia operating in energy (generation, distribution, sales), district heating, water, and environmental services across Lombardy and northern Italy. Directly comparable to Acinque in regulated multi-utility model, geographic footprint overlap, and integrated service portfolio.
• Hera S.p.A. Italian multi-utility headquartered in Bologna operating across energy (electricity and gas), water, and environmental services in northern and central Italy. Comparable to Acinque in the integrated multi-utility business model and local concession-driven structure.

Regional players

• ASM Brescia: Local Italian multi-utility serving the Brescia area with energy, water, gas, and environmental services. Comparable to Acinque as a smaller, municipal-anchored multi-utility with similar vertical mix but in a different Lombardy territory.
• Ascopiave S.p.A. Italian gas distribution and sale utility with a strong focus on northeastern Italy. Comparable to Acinque in gas distribution and small-scale multi-utility positioning, though operating in a different geography.
• Unareti (Unipol Group): Italian gas and electricity distribution network operator, owned by Unipol, with significant distribution activity in Lombardy. Comparable to Acinque in regulated distribution infrastructure and overlap in the same Lombardy territory.
• AGSM AIM (Verona): Italian multi-utility serving the Verona area with electricity, gas, water, district heating, and environmental services. Comparable to Acinque in the integrated multi-utility structure and district heating exposure, but in a different regional market.

Broad incumbents

• ACEA S.p.A. Italian multi-utility focused on water, energy networks, and environmental services, primarily in central Italy with growing nationwide presence. Comparable to Acinque in water and energy infrastructure, but with a larger and more geographically diversified footprint.

Emerging players

• Livia Tellus Romagna Holding: Italian public-sector holding company consolidating local utilities in the Romagna region, including water, gas, and environmental services. Comparable to Acinque in the model of consolidating municipal utility assets under a single corporate structure.
• CVA (Compagnia Valdostana delle Acque): Italian regional utility focused on hydroelectric generation and energy distribution in the Aosta Valley. Comparable to Acinque in hydroelectric generation and multi-utility positioning, though at a smaller scale and in a different region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCtI9shZFLTTWIcXsJANh9cA/about
• Facebookfacebook.com/gruppoacinque
• LinkedInlinkedin.com/company/gruppoacinque/mycompany/?viewAsMember=true
• Instagraminstagram.com/gruppoacinque

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about acinque spa